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Income Tax - Highlights / Catch Notes

Home Highlights June 2015 Year 2015 This

Deferred revenue expenditure - An assessee can adopt the two ...


Taxpayers Can Use Different Accounting Methods for Expenditures While Claiming Full Amount as Revenue for Taxes.

June 29, 2015

Case Laws     Income Tax     AT

Deferred revenue expenditure - An assessee can adopt the two ways of giving different accounting treatment to an expenditure in its books and claim the entire sum as revenue expenditure in the relevant assessment year. - AT

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